---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-174504"
form_type: "8-K"
ticker: "WOLF"
cik: "0000895419"
company_name: "WOLFSPEED, INC."
filed_at: "2023-06-26T23:59:59+00:00"
generated_at: "2026-06-13T17:27:29.038148+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Wolfspeed issues $1.25B secured notes at 9.875% for capacity expansion; led by Apollo Credit

## Summary
- Issued $1.25B senior secured notes due 2030; initial interest 9.875% stepping to 11.875% after 4 years.
- Accordion feature allows up to $750M additional notes; proceeds for U.S. capacity expansion at Mohawk Valley Fab and Siler City.
- Terminated existing credit agreement with Wells Fargo; all outstanding obligations paid off.
- Investment led by Apollo Credit; Wells Fargo and Morgan Stanley acted as financial advisors.

## SEC filing metadata
- accession: 0001193125-23-174504
- form_type: 8-K
- ticker: WOLF
- cik: 0000895419
- company_name: WOLFSPEED, INC.
- filed_at: 2023-06-26T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/895419/000119312523174504/0001193125-23-174504-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/895419/000119312523174504/d462549d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-174504
- JSON: https://secwatch.observer/filing/0001193125-23-174504.json
- Plain text: https://secwatch.observer/filing/0001193125-23-174504.txt

## Key facts
- Debt Financings
  WOLFSPEED, INC. incurred senior notes of $1,250,000,000 aggregate principal amount with U.S. Bank Trust Company, National Association at (i) during the first three years after the Issue Date, at a rate of 9.875% per a maturing June 23, 2030.
  - Instrument: senior notes
  - Principal: $1,250,000,000 aggregate principal amount
  - Counterparty: U.S. Bank Trust Company, National Association
  - Rate: (i) during the first three years after the Issue Date, at a rate of 9.875% per a
  - Maturity: June 23, 2030
  - Event: incurrence
  source text: On June 23, 2023 (the " Issue Date "), in connection with a private placement and sale of $1,250,000,000 aggregate principal amount of senior secured notes due 2030 (the " Senior Notes ") of Wolfspeed, Inc. (the " Company "), the Company and U.S. Bank Trust Company, National Association, as the trustee and collateral agent (the " Agent "), executed an indenture (the " Indenture ") relating to the Senior Notes.
  evidence_url: https://www.sec.gov/Archives/edgar/data/895419/000119312523174504/0001193125-23-174504-index.htm
- Material Agreements
  WOLFSPEED, INC. terminated Credit Agreement with Wells Fargo Bank, National Association valued at Revolving line of credit terminated and all outstanding obligations paid off (effective 2023-06-23).
  - Action: termination
  - Agreement: credit facility
  - Counterparty: Wells Fargo Bank, National Association
  - Value: Revolving line of credit terminated and all outstanding obligations paid off
  - Effective: 2023-06-23
  source text: In connection with the Company’s entry with the Indenture and issuance of the Senior Notes, the Company terminated the Credit Agreement, and paid off all outstanding obligations thereunder.
  evidence_url: https://www.sec.gov/Archives/edgar/data/895419/000119312523174504/0001193125-23-174504-index.htm
- Material Agreements
  WOLFSPEED, INC. entered into Indenture with U.S. Bank Trust Company, National Association valued at $1,250,000,000 aggregate principal amount of senior secured notes due 2030 (effective 2023-06-23).
  - Action: entry
  - Agreement: notes offering
  - Counterparty: U.S. Bank Trust Company, National Association
  - Value: $1,250,000,000 aggregate principal amount of senior secured notes due 2030
  - Effective: 2023-06-23
  source text: On June 23, 2023 (the “ Issue Date ”), in connection with a private placement and sale of $1,250,000,000 aggregate principal amount of senior secured notes due 2030 (the “ Senior Notes ”) of Wolfspeed, Inc. (the “ Company ”), the Company and U.S. Bank Trust Company, National Association, as the trustee and collateral agent (the “ Agent ”), executed an indenture (the “ Indenture ”) relating to the Senior Notes.
  evidence_url: https://www.sec.gov/Archives/edgar/data/895419/000119312523174504/0001193125-23-174504-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.